Tag Archives: federal reserve

Massive downward jobs revision not budging mortgage rates

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Rebenchmarking that suggests the U.S. added 911,000 fewer jobs than previously thought generates political heat but was widely expected by economists and investors. Continue reading →

Mortgage rates plummet to new 2025 low on anemic jobs report

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Investors who fund most home loans are no longer wondering whether the Federal Reserve will cut rates this month, but by how much. At least three quarter-percentage point rate cuts are now expected this year. Continue reading →

Construction labor market facing ‘alarming deterioration’

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A deteriorating labor market could include a silver lining for real estate as mortgage rates continue to slide and runway appears open for rate cut by the Federal Reserve later this month. Continue reading →

DoJ opens criminal investigation into Fed Governor Lisa Cook

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Cook’s attorneys say she did not commit mortgage fraud, and is being targeted by the Trump administration to undermine the Federal Reserve’s independence. Continue reading →

Homebuyers take a breather as mortgage rates continue to fall

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Purchase loan demand eased last week, but rates are expected to keep falling on a new report showing there are more people unemployed than there are job openings for the first time since the pandemic. Continue reading →

Fed Governor Lisa Cook didn’t commit mortgage fraud: attorneys

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Hundreds of economists say Trump adminstration’s move to fire Cook “threatens the fundamental principle of central bank independence and undermines trust in one of America’s most important institutions.” Continue reading →

ICYMI, all the latest on Trump, the Fed, mortgage rates and more

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Last week, Inman staff writers and contributors had governmental and economic shifts on the brain, writing about rates, sales trends and the national debt. Continue reading →

Court punts on Trump’s move to remove Fed Governor Lisa Cook

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A judge gave attorneys for the Fed governor until Sept. 2 to bolster their argument that she should keep her job, as Bill Pulte leveled new allegations of misrepresentation on a third property. Continue reading →

Why Trump’s moves to control Fed could send mortgage rates higher

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If bond market investors get cold feet about buying government debt and mortgage-backed securities, that could push long-term interest rates higher, even if the Fed cuts short-term rates. Continue reading →

Fed governor sues Trump over ‘unprecedented and illegal’ firing

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Federal Reserve governor Lisa Cook filed a lawsuit against President Trump on Thursday alleging that his attempted firing of her was illegal without him showing “cause” for her termination. Continue reading →